S.Amdt. 2518

SA 2518. Mr. PETERS submitted an amendment intended to be proposed to
amendment SA 2360 proposed by Mr. Thune (for Mr. Graham) to the bill
H.R. 1, to provide for reconciliation pursuant to title II of H. Con.
Res. 14; which was ordered to lie on the table; as follows:

At the appropriate place in chapter 6 of subtitle A of
title VIII, insert the following:

SEC. _____. TRANSACTION TAX.

(a) In General.--Chapter 36 is amended by inserting after
subchapter B the following new subchapter:

``Subchapter C--Tax on Certain Digital Asset Transaction Fees

``Sec. 4475. Tax on certain digital asset transaction fees.

``SEC. 4475. TAX ON CERTAIN DIGITAL ASSET TRANSACTION FEES.

``(a) Imposition of Tax.--There is hereby imposed a tax on
any covered transaction fee with respect to any digital
asset.
``(b) Rate of Tax.--The tax imposed under subsection (a)
with respect to any covered transaction shall be 25 percent
of the transaction fee.
``(c) Covered Transaction Fee.--For purposes of this
section--
``(1) In general.--The term `covered transaction fee' means
a fee assessed on the purchase of a digital asset if such fee
is assessed by an applicable entity.
``(2) Applicable entity.--
``(A) In general.--The term `applicable entity' means any
entity in which a Federal official directly or indirectly
holds a controlling interest.
``(B) Federal official.--The term `Federal official' means
any individual who occupies a position in any agency or
instrumentality of the executive, legislative, or judicial
branch of the Federal Government.
``(C) Controlling interest.--The term `controlling
interest' means owning, controlling, or holding not less than
20 percent, by vote or value, of the outstanding amount of
any class of equity interest in an entity.
``(d) Digital Asset.--For purposes of this section, the
term `digital asset' has the meaning given such term under
section 6045(g)(3)(D).
``(e) By Whom Paid.--The tax imposed by this section shall
be paid by the applicable entity.
``(f) Regulations and Guidance.--The Secretary shall
prescribe such regulations as are necessary or appropriate to
carry out the purposes of this section.''.
(b) Conforming Amendment.--The table of subchapters for
chapter 36 of such Code is amended by inserting after the
item relating to subchapter B the following new item:

``subchapter c--tax on certain digital asset transaction fees''.

(c) Effective Date.--The amendments made by this section
shall apply to transactions after December 31, 2025.
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